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Modern Times Group MTG AB (STU:MRTA) Cyclically Adjusted FCF per Share : €0.70 (As of Dec. 2024)


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What is Modern Times Group MTG AB Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Modern Times Group MTG AB's adjusted free cash flow per share for the three months ended in Dec. 2024 was €0.238. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €0.70 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Modern Times Group MTG AB's average Cyclically Adjusted FCF Growth Rate was -6.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -8.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -10.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Modern Times Group MTG AB was -8.40% per year. The lowest was -12.80% per year. And the median was -12.00% per year.

As of today (2025-03-03), Modern Times Group MTG AB's current stock price is €11.20. Modern Times Group MTG AB's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was €0.70. Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF of today is 16.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Modern Times Group MTG AB was 15.84. The lowest was 4.76. And the median was 8.74.


Modern Times Group MTG AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Modern Times Group MTG AB's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Modern Times Group MTG AB Cyclically Adjusted FCF per Share Chart

Modern Times Group MTG AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.19 0.95 0.82 0.77 0.70

Modern Times Group MTG AB Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 0.74 0.73 0.76 0.70

Competitive Comparison of Modern Times Group MTG AB's Cyclically Adjusted FCF per Share

For the Electronic Gaming & Multimedia subindustry, Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF falls into.



Modern Times Group MTG AB Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Modern Times Group MTG AB's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.238/132.9872*132.9872
=0.238

Current CPI (Dec. 2024) = 132.9872.

Modern Times Group MTG AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 -0.188 99.950 -0.250
201506 0.477 99.995 0.634
201509 0.195 100.228 0.259
201512 0.220 100.276 0.292
201603 -0.625 100.751 -0.825
201606 1.119 101.019 1.473
201609 -0.266 101.138 -0.350
201612 0.502 102.022 0.654
201703 -0.410 102.022 -0.534
201706 0.803 102.752 1.039
201709 -0.692 103.279 -0.891
201712 1.043 103.793 1.336
201803 -0.518 103.962 -0.663
201806 0.908 104.875 1.151
201809 0.071 105.679 0.089
201812 0.858 105.912 1.077
201903 -0.174 105.886 -0.219
201906 -0.085 106.742 -0.106
201909 -0.040 107.214 -0.050
201912 0.021 107.766 0.026
202003 -0.047 106.563 -0.059
202006 0.151 107.498 0.187
202009 0.117 107.635 0.145
202012 0.123 108.296 0.151
202103 0.001 108.360 0.001
202106 -0.011 108.928 -0.013
202109 -0.008 110.338 -0.010
202112 0.288 112.486 0.340
202203 0.068 114.825 0.079
202206 0.229 118.384 0.257
202209 0.220 122.296 0.239
202212 0.166 126.365 0.175
202303 0.190 127.042 0.199
202306 0.182 129.407 0.187
202309 0.300 130.224 0.306
202312 0.212 131.912 0.214
202403 0.212 132.205 0.213
202406 0.273 132.716 0.274
202409 0.254 132.304 0.255
202412 0.238 132.987 0.238

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Modern Times Group MTG AB  (STU:MRTA) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Modern Times Group MTG AB's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=11.20/0.70
=16.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Modern Times Group MTG AB was 15.84. The lowest was 4.76. And the median was 8.74.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Modern Times Group MTG AB Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Modern Times Group MTG AB's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Modern Times Group MTG AB Business Description

Address
Skeppsbron 18, P.O. Box 2094, Stockholm, SWE, SE-103 13
Modern Times Group MTG AB invests in esports, mobile games and other digital entertainment. The group's companies offer a wide range of games available to audiences all over the world. MTG's portfolio of IP spans across both the casual and mid-core segments of the gaming market. A vast majority of games are available to consumers on a free-to-play basis, and the group primarily generates revenues from in-app purchases and in-app advertising. The Group operates in Europe, Singapore, USA, India and New Zealand.

Modern Times Group MTG AB Headlines

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